By otakuyassine3@gmail.com 
Getty Images Holdings, Inc. (NYSE:GETY – Get Free Report) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 5,930,000 shares, a decline of 7.9% from the November 15th total of 6,440,000 shares. Based on an average daily volume of 369,800 shares, the short-interest ratio is presently 16.0 days. Currently, 3.1% of the company’s shares are sold short.
Wall Street Analyst Weigh In
Separately, Macquarie lifted their price objective on shares of Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a research note on Wednesday, November 13th.
Get Our Latest Stock Report on Getty Images
Insider Transactions at Getty Images
In other news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the completion of the sale, the insider now directly owns 74,175,262 shares in the company, valued at $182,471,144.52. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Kjelti Wilkes Kellough sold 8,070 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total transaction of $29,132.70. Following the sale, the general counsel now directly owns 258,630 shares in the company, valued at $933,654.30. This trade represents a 3.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,269,927 shares of company stock worth $10,739,630. Insiders own 12.30% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in GETY. Geode Capital Management LLC raised its holdings in shares of Getty Images by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company’s stock worth $6,340,000 after acquiring an additional 88,533 shares during the last quarter. State Street Corp increased its holdings in Getty Images by 46.3% during the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after purchasing an additional 466,521 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Getty Images by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock worth $2,000,000 after purchasing an additional 58,135 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Getty Images in the second quarter valued at approximately $910,000. Finally, Ninety One UK Ltd purchased a new position in shares of Getty Images during the second quarter valued at approximately $583,000. 45.75% of the stock is owned by institutional investors.
Getty Images Stock Down 2.3 %
GETY stock traded down $0.06 during trading on Tuesday, reaching $2.57. 433,561 shares of the stock were exchanged, compared to its average volume of 484,105. Getty Images has a twelve month low of $2.54 and a twelve month high of $5.77. The firm’s 50 day moving average is $3.42 and its 200 day moving average is $3.49. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The firm has a market cap of $1.06 billion, a P/E ratio of 21.92 and a beta of 1.86.
About Getty Images
Getty Images Holdings, Inc offers creative and editorial visual content solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Its products include Getty Images that offers creative and editorial content including stills, music and video which focuses on corporate, agency, and media customers; iStock.com, an e-commerce offering where customers have access to creative stills and video; Unsplash.com, a platform offering free stock photo downloads and paid subscriptions targeted to the high-growth prosumer and semi-professional creator segments; and Unsplash+ that provides access to unique model released content with expanded legal protections.
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